EPRINC estimates that under current law fuel costs could increase by an additional $0.15 to $0.25 per gallon in 2022, with considerable potential for price spikes well above these estimates. These volumetric biofuel requirements will add an additional $20 to $35 billion in annual costs to motorists. EPA has authority under the law to reduce the volumetric requirements giving it a major role in setting prices for transportation fuels in the US market.
The full report is available at the following link:
Link.
The post EPRINC Issues Report on Technical Constraints and Cost Risks to the Renewable Fuel Standard appeared first on EPRINC.